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long term boeing will work this out. the 787 will likely go on to be one of the most successful aircraft ever. i think we'll have more of these issues and because media scrutiny is here it will be tough for boeing. ashley: are these type of issues typical for new aircraft, teething problems because boeing is under the microscope? >> they are. these issues are normal but the only problem boeing has had issues, if taken to their full compression could have been catastrophic. a fire, fuel leaks, uncontained engine failures. they have used up a lot of goodwill if you will and so now with media scrutiny upon us it will be more and more difficult and the fact that, you know, there are, you know, this is a unique airplane in the way it is built and the fact it is one of the biggest changes is that it is the most electric aircraft ever built --. ashley: that's right. >> the fact that we're having electrical issues and electrical issues are very difficult to troubleshoot and hunt down, will make this harder i think than previous
long term boeing will work this out. the 787 will likely go on to be one of the most successful aircraft ever. i think we'll have more of these issues and because media scrutiny is here it will be tough for boeing. ashley: are these type of issues typical for new aircraft, teething problems because boeing is under the microscope? >> they are. these issues are normal but the only problem boeing has had issues, if taken to their full compression could have been catastrophic. a fire, fuel...
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i don't think it is measure everything boeing into the stock market. mutual fund numbers can be somewhat deceptive sometimes. i think the market needs to show positive performance before the fun numbers start to look better but i don't think it necessarily needs it. certainly didn't in 2012. sandra: john, i want to ask you about the commodities you just mentioned. looking at gold prices. we've seen some interesting movement there. they have been underperforming stocks to start off the year. i spoke to george girl row the over at rbc today. he says he believes we'll turn back to the basics. the commodity market will focus on the weak dollar which tends to boost commodities. it will focus on the low interest rate environment and we'll see a pop in these commodities again. is that your play? >> gold is special. i think, don't think of gold as a commodity. think of it as a currency. i think that is what the world's fourth or fifth currency, it will gain more popularity. everyone wants to deflate their currency. other commodities we need a stronger economy.
i don't think it is measure everything boeing into the stock market. mutual fund numbers can be somewhat deceptive sometimes. i think the market needs to show positive performance before the fun numbers start to look better but i don't think it necessarily needs it. certainly didn't in 2012. sandra: john, i want to ask you about the commodities you just mentioned. looking at gold prices. we've seen some interesting movement there. they have been underperforming stocks to start off the year. i...
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Jan 11, 2013
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lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at wells fargo. profits hit a record high. that is good. they are not doing as many mortgages. they are the nation's biggest lender. you can see it is down by one and a quarter percent. cheryl: how did last year's drought play out? jeff: it was pretty wild in here today. five of the past six years, this has been a limit move. take a look at what it was. we had, i think, scott shall indeed, a 26-point move. >> we had a pretty big range. jeff: this crop report is definitely a mover. take a look at this. this is the usda world agriculture supply and demand. it is down 13% on the year. acr
lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at...
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you mentioned boeing and the fire. boeing is under serious pressure. it has been the number one loser on the dow jones industrial average. now you have the analysts obviously now looking closely at boeing and downgrading it on the heels of the dreamliner fire over in boston. bb&t says it is too much to ignore. they cut boeing to a hold from a buy. caterpillar is on the move. caterpillar raised its price target to 98 bucks from 90. here are others. verizon under pressure. back to you. tracy: thank you, nicole. ash will be here with the numbers at 4:00. ashley: we'll be here with sandra smith. always first run of the season. alcoa, we'll see what they have to say. earning estimates have been cut from back in october like 9% growth. all the way down to 3%. the bar is so low. tracy: that's a good commodity story too. so it is good you have our girl sandra smith with you. ashley: she will be all over it. >>> all right. american small business confidence, well it rose slightly in december but it is still at the second lowest level in nearly two years. this a
you mentioned boeing and the fire. boeing is under serious pressure. it has been the number one loser on the dow jones industrial average. now you have the analysts obviously now looking closely at boeing and downgrading it on the heels of the dreamliner fire over in boston. bb&t says it is too much to ignore. they cut boeing to a hold from a buy. caterpillar is on the move. caterpillar raised its price target to 98 bucks from 90. here are others. verizon under pressure. back to you. tracy:...
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Jan 8, 2013
01/13
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>>> boeing says it will define the future of air travel. but so far the company's brand-new 787 dreamliner is making most of its headlines for all these mechanical problems, ie, just today, just a couple of hours ago, this japan airlines 787 was preparing to depart boston when it started leaking fuel. that flight had to be canceled, and just yesterday, same airport, same airline, small fire broke out at another japan airlines 787, half an hour after landing from the long flight in from tokyo. all passengers and crew had already left the plane. but let's talk about this with richard quest there for us in london. richard, time after time, what's going on? >> well, boeing will say that these are the sort of glitches that happen with any new aircraft. and that they are -- that the 787, the dreamliner is the most technologically advanced, uses carbon fibers, it is totally new aircraft, absolutely state of the art, and that's what you expect. it has a 20% lower fuel burn rate. and this is the sort of thing that happens with major new projects. bu
>>> boeing says it will define the future of air travel. but so far the company's brand-new 787 dreamliner is making most of its headlines for all these mechanical problems, ie, just today, just a couple of hours ago, this japan airlines 787 was preparing to depart boston when it started leaking fuel. that flight had to be canceled, and just yesterday, same airport, same airline, small fire broke out at another japan airlines 787, half an hour after landing from the long flight in from...
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Jan 11, 2013
01/13
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on why the agency is taking a close look at the safety of boeing 787s. >>> and new divide lines for a popular drug millions of people take. why it applies to women only. >>> and storm team4 meterologist tom kierein is back and he changes to the weekend forecast is 70 degrees still a >>> a man is in custody two days after escaping from a hospital ward in tacoma park. the 27-year-old turned himself into police this morning many rockville and he escaped wednesday from washington adventist hospital and police were on heightened alert because he's considered dangerous. >>> the faa is look closely at boeing's newest and most hi-tech jetliners and they are reviewing key systems on the 787 known as the dreamliner. the plane's electrical system the phone focus. m melissa mollet has more with the investigation. >> two more problems were reported today bringing the total number of incidents to five this week alone. a review like this one is unusual and was initiated after problem with the plane's electrical panel. that inclouds a better fire on monday on a parked dream liner and a problem with t
on why the agency is taking a close look at the safety of boeing 787s. >>> and new divide lines for a popular drug millions of people take. why it applies to women only. >>> and storm team4 meterologist tom kierein is back and he changes to the weekend forecast is 70 degrees still a >>> a man is in custody two days after escaping from a hospital ward in tacoma park. the 27-year-old turned himself into police this morning many rockville and he escaped wednesday from...
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Jan 11, 2013
01/13
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this is the first boeing 787 dreamliner aircraft to fly from the bay area. it's run by all nippon airways from japan. this model has been flying for a year. the faa this morning ordered a comprehensive review of critical systems in this particular model after a fire and fuel leak this week, also some reports of cracked windshields. several flights had to be canceled. this is video from boston' logan airport. cbs aviation analyst chesley sullenberger says it's common to be working out kinks. >> no matter how much testing you do there are some things that are inevitably discovered during the real world of operational airline flying. >> reporter: this thing is state-of-the-art and relies more than any other modern airliner on electrical systems to help power the plane. it's also the first boeing plane to use rechargeable lithium ion batteries and made with lightweight materials. the price tag, $207 million. so if all goes well with today's flight, it is set to land tomorrow in japan at 4:10 p.m. live at mineta san jose airport, anne makovec, cbs 5. >>> a centra
this is the first boeing 787 dreamliner aircraft to fly from the bay area. it's run by all nippon airways from japan. this model has been flying for a year. the faa this morning ordered a comprehensive review of critical systems in this particular model after a fire and fuel leak this week, also some reports of cracked windshields. several flights had to be canceled. this is video from boston' logan airport. cbs aviation analyst chesley sullenberger says it's common to be working out kinks....
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more problems for boeing's new high tech plane. the 767 dream liner. a dream liner had to be brought back to the gate at boston logan airport today. the jet started leaking fuel on the runway. the incident comes a day after an electrical fire broke out on another dream liner at the same airport. boeing says it's cop rating with the ntsb in the fire investigation. >> barry diller back to dreaming -- streaming service. ario planning to expand as legal battles drag on. right now it's only available in new york city. also announce it's raised $38 million in funding. broadcasters have appealed and new york judge's ruling that ario does not appear to violate copy write rite law. turning now to trading stocks retreating for a second day. investors await aid draw at corporate earnings season. shares pushing your bloomberg silicon valley index slightly lower. and here is a sign the economy may be improving from the global business travel association. usa today reports companies are expected to shell out more on business trips this year. apparently there is pent
more problems for boeing's new high tech plane. the 767 dream liner. a dream liner had to be brought back to the gate at boston logan airport today. the jet started leaking fuel on the runway. the incident comes a day after an electrical fire broke out on another dream liner at the same airport. boeing says it's cop rating with the ntsb in the fire investigation. >> barry diller back to dreaming -- streaming service. ario planning to expand as legal battles drag on. right now it's only...
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. >>> more problems for the boeing 787 dreamliner. the plane was taxiing to the runway at boston's logan international airport today when a pilot in another plane noticed fuel spewing from a wing. the japan airlines flight to tokyo was aborted, and the plane was towed to the gate. another dreamliner had an electrical fire yesterday at the same airport. they come as they are set to launch nonstop 787 service from mineta san jose airport to tokyo this friday. >>> scientists believe diet drinks could lead to depression. they looked at artificially sweetened sodas, juices and teas, and adults who consumed four drinks a day increased their risk of depression. it does not proof that diet drinks cause it, but people dealing with diabeteses and obesity consume diet drinks and those conditions can lead to depression. >>> a pair of turkeys is running loose in a san jose neighborhood, and wildlife officials are worried they could be in danger. the turkeys have been spotted near first street and i-880 since the holidays. wildlife emergency servic
. >>> more problems for the boeing 787 dreamliner. the plane was taxiing to the runway at boston's logan international airport today when a pilot in another plane noticed fuel spewing from a wing. the japan airlines flight to tokyo was aborted, and the plane was towed to the gate. another dreamliner had an electrical fire yesterday at the same airport. they come as they are set to launch nonstop 787 service from mineta san jose airport to tokyo this friday. >>> scientists...
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. >>> more problems for the boeing 787 dreamliner. the plane was taxiing to the runway at boston's logan international airport today when a pilot in another plane noticed fuel spewing from a wing. the japan airlines flight to tokyo was aborted, and the plane was towed to the gate. another dreamliner had an electrical fire yesterday at the same airport. they come as they are set to launch nonstop 787 service from mineta san jose airport to tokyo this friday. >>> scientists believe diet drinks could lead to depression. they looked at artificially sweetened sodas, juices and teas, and adults who consumed four drinks a day increased their risk of depression. it does not proof that diet drinks cause it, but people dealing with diabeteses and obesity consume diet drinks and those conditions can lead to depression. >>> a pair of turkeys is running loose in a san jose neighborhood, and wildlife officials are worried they could be in danger. the turkeys have been spotted near first street and i-880 since the holidays. wildlife emergency servic
. >>> more problems for the boeing 787 dreamliner. the plane was taxiing to the runway at boston's logan international airport today when a pilot in another plane noticed fuel spewing from a wing. the japan airlines flight to tokyo was aborted, and the plane was towed to the gate. another dreamliner had an electrical fire yesterday at the same airport. they come as they are set to launch nonstop 787 service from mineta san jose airport to tokyo this friday. >>> scientists...
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Jan 11, 2013
01/13
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the world's most advanced airplane boeing 787 dreamliner has been grounded with problems and this morning, the faa has issued a comprehensive review of that plane. let's go to cbs 5 reporter anne makovec, who is live at mineta san jose airport where the dreamliner is expected to land today. >> reporter: it's goin
the world's most advanced airplane boeing 787 dreamliner has been grounded with problems and this morning, the faa has issued a comprehensive review of that plane. let's go to cbs 5 reporter anne makovec, who is live at mineta san jose airport where the dreamliner is expected to land today. >> reporter: it's goin